While this is not an immediate market-moving piece of data its all part of the puzzle!
IHS Markit Household Finance Index, launched in 2009)
- in October to its highest since June
- Recovering for Q3 (the weakest since 2014)
- The survey has never exceeded 50
For October, Markit cite:
- households' increased optimism about the economic outlook for the next year, as well as an increased willingness to spend on cars, holidays and household large goods
- However, despite increased workplace activity and a softening in inflation expectations, households reported a fall in income for the first time since January
- "The gap between rising spending and falling income may have been bridged with increased borrowing," the report said. "Latest data also suggested easier access to unsecured debt."